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February 23, 2012
Cost of nuke phase-out 'could near €2 trillion'
Published: 18 Jan 12 07:05 CET
Online: http://www.thelocal.de/money/20120118-40175.html
Tech giant Siemens has warned that Germany’s nuclear phase-out could cost the country nearly €2 trillion by 2030, much higher than previously estimated.
- Greens unite behind government nuke plan - Politics (25 Jun 11)
- Industry frets about nuclear energy phaseout - Business & Money (23 Jun 11)
Reuters news agency said the estimate was based on the costs of expanding renewable energy sources. Costs could be reduced if Germans relied more on gas, Süß said.
Siemens built all of Germany’s 17 nuclear plants and offered technical support until the German government announced last spring it would begin phasing out nuclear energy in the wake of the Japanese Fukushima earthquake and tsunami disaster, with a shut down largely complete by 2022.
Jürgen R. Großmann, head of German energy provider RWE, has previously estimated phase-out costs of up to €300 billion. State-owned investment bank KfW has estimated costs of about €250 billion over the next ten years.
While green campaigners have hailed the end of German nuclear energy, industry leaders have repeatedly warned that the country’s power grid would be put at risk in future years.
The Local/mdm
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Your comments about this article:
Except for the nuclear power they will have to buy from France that is...
An impact study and a feasibility analysis first for securing much needed power would have been a better move towards phasing out the nuclear plants than full speed ahead and damn the torpedoes.
i wouldn't place much emphasise on using those big windmill things to give you a few watts, they always stop in the winter months, no wind
As you're not in an earthquake zone you should be OK, the French don't seem to be too bothered about nuclear power stations so, as we say in Britain, don't panic !
"Nuclear power phase-out, good news for the environment. "
Oh yeah, sure it will! Just where do you think all that power will come from when those nuclear power plants are shut down, or maybe you just don't think that far ahead.
Hint.... oil and coal burning power plants will replace the missing nukes! Won't THAT be just great news for the environment!
I believe they are not shutting all the facilities down at once, they are starting with the oldest.
Gazprom will most likely be the major source of energy as Germany and Russia have negotiated a delivery and supply plan.
Germany has to build 5 GW plants using natural gas in addition to the 11 GW coal fired plants presently under construction.This will only supply about 45% of the loss of power from Nuke plants by 2020.
At present they do not have the ability to replace the loss of power,using biomass will only supply about 7% more still leaving a 35% shortage from present energy production.
Were this additional power is gong to come from is a mystery.
@ ChrisRea: Good point. Siemens has a lot to lose with this, but that just means Germany should open the market for other companies to build power plants and opening up the market. This in turn will create more jobs and boost the economy.